If you find someone who is a good fit for your business needs, it doesn’t matter if they are in California while you work from New York. You’ll want to create a contract that outlines details, such as deadlines, rates and expectations so that everyone is on the same page. When first starting out, market yourself as a professional who is well-versed in managing accounts, reconciling transactions, providing financial overviews and balancing budgets. Ask for testimonials from people who have utilized your services in the past and spread the word about your offerings through a website or social media. We see QuickBooks Live takes the lead in customer support when we compare QuickBooks Live and Bookkeeper360. Both have similar approaches when it comes to working with your bookkeeper, but QuickBooks Live offers more ways to communicate and a transparent view of the tasks that have been completed.

• Keep in mind that QuickBooks Live is designed to work with QuickBooks Online and other QuickBooks software.
• You can activate QuickBooks Live within QuickBooks Online by clicking on Live Bookkeeping from the left navigation bar, as indicated below.
• Ask for testimonials from people who have utilized your services in the past and spread the word about your offerings through a website or social media.
• With that in mind, Intuit expects long-term revenue growth of 10% annually in consumer group products, 17.5% annually in the small business and self-employed group products, and 22.5% annually in Credit Karma.

There’s no set amount of time each month that you can spend with your bookkeeper, but you can only schedule one appointment at a time. You can also chat live with a member of your bookkeeper’s extended team at any time. You can activate QuickBooks Live within QuickBooks Online by clicking on Live Bookkeeping from the left navigation bar, as indicated below. After you sign up, you’ll provide QuickBooks with information about your business—and, within a few minutes, you’ll be matched with a bookkeeper who has expertise in your industry.

Best Accounting and Bookkeeping Apps for Small Businesses

The value of QuickBooks Live Bookkeeping setup depends on your specific needs and circumstances. For instance, if you have limited accounting knowledge and want someone to handle the initial set-up of your QuickBooks account and provide ongoing support, then it may be worth considering. Besides that, if you have a busy schedule and prefer to have someone else manage your bookkeeping, it is also a convenient option. However, if you are comfortable setting up and maintaining your QuickBooks account on your own, then the additional cost may not be worth it. The service’s biggest drawback is that it offers limited services and no access to financial advice. Other users wished it was possible to call someone directly, rather than wait for a response or set up a meeting.

Many of the operations are automated in the software, making it easy to get accurate debits and credits entered. Bookkeeping tasks provide the records necessary to understand a business’s finances as well as recognize any monetary issues that may need to be addressed. Proper planning and scheduling is key since staying on top of records on a weekly or monthly basis will provide a clear overview of an organization’s financial health. Bookkeeping is the practice of organizing, classifying and maintaining a business’s financial records.

QuickBooks Payroll

QuickBooks Live Bookkeeping is a comprehensive bookkeeping service that businesses can contract with to maintain their books, properly categorize expenses and perform reporting. With the subscription, the small business is connected with a dedicated bookkeeper who is available to work on the account virtually. There is a cleanup fee to get started and get your books in order, and then pricing drops to the monthly fee of $200 to $400. Read our personal expense comprehensive QuickBooks Live Bookkeeping review to decide if this popular managed service is right for your business. Full-Service Bookkeeping doesn’t include sending invoices, paying bills, or management of inventory, accounts receivable, or accounts payable. The service doesn’t include financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll.

How We Evaluated QuickBooks Live

And, among some CPA’s, fixing errors derived from QuickBooks Live has become something of a running joke. Easily track their progress in real time, schedule a video call, or send your general bookkeeping questions to our team of bookkeeping experts. Yes, QuickBooks Live Bookkeeping offers catch-up bookkeeping back to the last tax return you filed. QuickBooks Live has a feature that is unique to the service, its 100% Accurate Books Guarantee. This guarantee enables you to request an audit of your books at any time and is not something that Bookkeeper360 offers. We research products, write reviews, and create in-depth guides and how-tos on topics like ideation, marketing, financing, accounting, and human resources.

QuickBooks Live

Once your bookkeeper receives all the necessary documentation, they’ll typically complete your cleanup within 30 days. In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books. Bookkeeper.com charges anywhere from $399 to $799 per month, depending on the number of monthly transactions, frequency of service, and annual revenue. Neither QuickBooks Live nor Bookkeeper.com currently offers a dedicated mobile app. The features shown in the table above relate to QuickBooks Online’s mobile app. For family businesses conducting succession planning, Bookkeeper.com can even prepare the necessary gift and estate tax returns.

When an effective bookkeeping system is in place, businesses have the knowledge and information that allows them to make the best financial decisions. Tasks, such as establishing a budget, planning for the next fiscal year and preparing for tax time, are easier when financial records are accurate. QuickBooks Live offers more customer support options than Pilot Bookkeeping, which only allows you to speak with your account manager through the QuickBooks portal or by email. In contrast, QuickBooks Live provides unlimited support via phone, email, live chat, and one-way video calls, which is why we awarded it as the winner of this category.

What is the difference between QuickBooks Live and Pilot?

While Bookkeeper.com wins in terms of services provided, it is considerably more expensive than QuickBooks Live if you’re looking for basic bookkeeping. If you’re already using QuickBooks as your accounting program, using the bookkeeping services is a natural transition for extra support. It’s a cost-effective way to get the bookkeeping that will make tax time easier and help keep you from audit issues. It also puts the reports you want at your fingertips, so instead of using your time to enter data, you can spend your time thinking about how to grow your business based on real data. Online bookkeeping services might be the exact solution you need to save both time and money. The service you decide to use depends on the needs of your business and may include extra features such as payroll or tax documents.